ESM direct recapitalization | Silvia Merler at Bruegel.org

Comfortably numb: ESM direct recapitalization | Silvia Merler at Bruegel.org

After two years of negotiations, euro area member States seem to have finally reached a "political understanding" on the operational framework for the ESM direct bank recapitalisation instrument, which should therefore be adopted after the relevant national procedure will be completed. | Read more at Bruegel http://www.bruegel.org/nc/blog/detail/article/1369-comfortably-numb-esm-direct-recapitalization/